May 6, 2017
By Lucia Mutikani
WASHINGTON (Reuters) – U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4 percent, near a 10-year low, pointing to a tightening labor market that likely seals the case for an interest rate increase next month despite moderate wage growth.
Nonfarm payrolls surged by 211,000 jobs last month after a paltry gain of 79,000 in March, the Labor Department said on Friday. April’s job growth, which was broad-based, surpassed this year’s monthly average of 185,000.CONTINUE READING HERE